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Tax authorities

Superintendencia Nacional de Aduanas y de Administración Tributaria (SUNAT)
Av. Garcilaso de la Vega 1472, Lima
Tel: +511 315 3303

Tax rates at a glance

(As of September 2013)

Corporate income tax rate 30% (a)
Capital gains tax 30%
Branch tax 30% 4.1% (b)
Withholding tax
Dividends 4%
Interest 4.99% 30% (c)
Royalties 30%
Branch remittance tax 4%
Net operating losses (years)
Carryback 0
Carryforwards 4/Unlimited (d)
  1. Resident enterprises engaged in manufacturing, extractive or trading activities may opt for a special regime if income does not exceed a specified amount -- the tax rate is 2.5% of monthly net receipts. For non-resident legal entities and branches, agencies or other PEs in Peru (although the latter are considered resident legal entities), tax is imposed only on Peru-sourced income.
  2. Branches are subject to the normal corporate income tax. Additionally, dividends and other profit distributions, as well as branch remittances of net profits abroad, are subject to a 4.1% withholding tax when paid to resident and non-resident individuals, and to non-resident entities.
  3. The 4.99% rate applies to certain cash loans between unrelated parties, and where the interest rate, commissions, costs and bonuses is up to LIBOR+7 for US and European loans; in the case of other sources, the tax authorities will determine the applicable rate based on the documentation provided by the borrower and the technical information reported by the Peruvian Central Bank of Reserve. Any excess is subject to a withholding tax of 30%.
  4. A taxpayer has the option to carry forward all net operating losses for four years or carry the losses forward indefinitely, but only up to 50% of the taxpayer's taxable income of each subsequent year.

Leading firms

Despite its recent slowdown, the Peruvian economy has proved itself one of the best-performing in the world, with average annual growth of 6.5% for the past decade. With M&A and audits also increasing, the country's tax professionals are experiencing ... [more]


EY's tax practice provides a wide range of services, including indirect tax, transfer pricing, customs and tax disputes mainly to foreign multinationals. The practice also advises a growing number of domestic multinationals on their overseas investment ... [more]

Hernández & Cía's tax practice is active in all areas of tax, including tax planning, compliance, corporate tax, indirect tax and tax disputes. The practice is led by founding partner Luis Hernandez, who has advised the government on several occasions ... [more]


PwC's tax practice comprises a multidisciplinary team of lawyers, accountants, economists and administrators. The practice specialises in tax consulting, tax audit, transfer pricing and litigation.

With 21 tax professionals, including seven partners, the tax practice of Rodrigo Elías & Medrano is one of the largest in the country. The practice advises on tax planning, compliance, M&A and other restructurings, transfer pricing and tax treaties. ... [more]

Estudio Echecopar, a member firm of Baker & McKenzie, provides domestic and foreign companies with a wide range of tax services, including tax planning, corporate tax and international tax, cross-border investment, M&A, capital markets, financial products, ... [more]

Led by Luz María Pedraza, the tax and customs practice group of Rubio Leguia Normand provides tax planning and consulting services, and advises on M&A, investment funds, financing, customs law and international trade. Its clients are both domestic ... [more]

Deloitte's tax service is one of the largest in Peru, with a team of around 100 economists, lawyers and accountants. The firm provides services across all tax areas, including corporate tax, indirect tax, international tax, transfer pricing and litigation.The ... [more]

Led by Walker Villanueva, Estudio Ferrero Abogados's tax practice advises some of the biggest mining companies doing business in Peru, including BHP Billiton, Buenaventura, Via Minera Santa Luisa and Cia Minera Poderosa. The practice is particularly ... [more]

The tax practice of Estudio Muñiz Ramírez Pérez-Taiman & Olaya is well-known for its tax planning in connection with M&A and financial transactions. The practice is especially strong in the fishing, agricultural and pharmaceutical sectors. In December ... [more]

Estudio Olaechea offers tax planning, consulting and controversy services to Peruvian and international companies. Its business is evenly divided between cross-border work, especially M&A for inbound investment, and domestic transactions. Its clients ... [more]

KPMG's tax practice provides tax consulting, tax compliance, transfer pricing and trade and customs services. The practice is led by Luis Lujan and Khaled Luyo.

Led by Rocio Liu, Miranda & Amado – Taxand's tax practice provides a wide range of services, including tax planning, M&A, corporate restructuring and litigation to domestic and foreign multinationals. It also offers specialised tax services for clients ... [more]

Zuzunaga & Assereto is a law firm specialising in consulting and advisory services for corporate tax and international tax, tax planning, M&A, foreign trade, local and foreign investment protection and promotion regimes, stability agreements and tax ... [more]

Rebaza Alcázar & De Las Casas has served as counsel in some of the largest M&A deals this year. In April, the firm helped Chile's Entel acquire Nextel Peru for $400 million, and advised Scotiabank on its acquisition of a 50% stake in BBVA's Peruvian ... [more]

See also

Latin America

Firm contact details